Bullish Stock Quarterly Earnings & Commentary: Groupon Inc, BP plc , Netflix, Inc, Intel Corporation, General Electric Company
NEW YORK, October 30, 2013 /PRNewswire/ --
Market Buzz Report, an investment community, reports Bullish Stock Earnings & Commentary on Groupon Inc (NASDAQ: GRPN), BP plc (NYSE: BP), Netflix, Inc. (NASDAQ: NFLX), Intel Corporation (NASDAQ: INTC), General Electric Company (NYSE: GE).
CEO of Groupon Inc (NASDAQ: GRPN) Eric Lefkofsky has confirmed that the firm's mobile concentration is growing consistently. He opined that the company ranks amongst the most in terms of penetration in large e-commerce companies.
He stated that it is designed for mobile as it caters to local markets as it knows where one is and creates a way to explore a city.
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The firm would be coming out with quarter three earnings on November 7. Reuters is expecting the firm to come out with profits of 1 cent a share on revenues of $616 million. He confirmed that the firm saw 7 million app downloads in quarter one and 7.5 million in quarter two.
Lefkofsky added that Groupon's business model has been copied many times and that even though a number of big players have entered into similar zone, the firm has been able to grow its market share.
BP plc (NYSE: BP) has come out with good news with its quarterly results by announcing a dividend hike as well as beating forecasted results as well as promise to sell more of assets for returning proceeds to shareholders. The company has also assured investors that capital spending in the next year would be about $24-$25 billion, which would be bit more tight than the previous guidance of $24-$27 billion announced for the next 6-7 years.
Shareholders have been apprehensive about the increasing costs which would reduce cash flows once oil prices drop leading to reduction in the industry's ability to offer returns. But, BP's underlying replacement cost net profit for the quarter was $3.692 billion.
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This was marginally lower than a year back because of weak refining margins, reduced income from Russian business as well as divestment of refineries.
BP increased the quarterly dividend by 5.6 percent to 9.5 cents a share and confirmed selling of $10 billion of assets in the next couple of years in order to return most proceeds to shareholders.
The firm has already sold off $38 billion of assets for paying to the Gulf of Mexico oil spill of 2010 but asset sales have become a norm as it struggles with increasing costs and is looking at potentially lower oil prices in future.
Some words were exchanged by Chief Content Officer of Netflix, Inc. (NASDAQ: NFLX), Ted Sarandos challenging film studios to try some new things with fresh releases.
He questioned on why movies were not premiered on Netflix the same day they release on theatres.
He asked why things are not followed about what consumers wish to watch instead of investing millions of dollars for people who do not stay near a theatre.
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He gave facts of last summer when movies with production budget of $75 million released and 50% more big box office movies released in the three months of 2013 than the average.
Studios may like to try with original version of video-on-demand as well as charge viewers some fee for new release film. He added that Netflix may try and screen movies on the same day of the release in theatres.
Intel Corporation (NASDAQ: INTC) - Apple's new 13-Inch Retina MacBook Pro does seem impressive with the all new Intel Iris integrated graphics. According to some of the reviews, the new Retina MacBook Pros has seen frame rate improvements of 45 to 50 percent.
There is also an improvement in the CPU benchmarks resulting in an eight percent improvement with MathematicaMark 8 as well as five percent gain with Cinebench CPU on the higher-end Retina MacBook Pro.
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The lower-end Retina MacBook Pro did not do well witnessing no speed gains. For checking the findings, Blackmagic's Disk Speed Test was run on all three 13-inch Retina MacBook Pros and it was found that 500GB flash storage in new 2.6GHz model was twice as fast in the write test as the 120GB flash storage in the new 2.4GHz system.
The read speeds were similar with the 2.4GHz's flash storage reading at 700 MBps whereas the new 2.6GHz giving a reading of 733.9 MBps. The company's newest Haswell-based 13-inch Retina MacBook Pros came out this week is available both in retail locations as well as Apple stores. The firm provides three different models at price points starting at $1,299.
General Electric Company (NYSE: GE), the largest U.S. producer of wind turbines, agreed to supply 22.8 megawatts of systems to Toto Costruzioni SpA for a power plant in southern Italy.
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The order is the first for the company's 2.85-megawatt turbines in Italy, according to a statement today on Fairfield, Connecticut-based GE's website. Terms weren't disclosed. Italy plans to install 560 megawatts of wind power a year through 2020 to meet the European Union's goal of generating 20 percent of its electricity from renewable sources.
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